Supplier Assessment

Supplier Assessment and Due Diligence

Supplier Assessments set the foundations for fact-based analysis of supplier suitability, leading to the supplier approval and, ultimately, the “preferred supplier” status. Properly designed Supplier Assessment should reflect specific needs of the Customer. Whenever possible, Supplier Assessment should be completed prior to the sourcing decision.

Supplier Assessment should take under consideration the expectations of various internal key departments (“internal customers”) with direct interest in Supplier’s capacity and capability, product design and evaluation, delivery performance, technology and intellectual property, process planning and control methodologies, logistics and communication, quality management system, etc.

We specialize in:

Supplier Quality System Assessments

Supplier Due Diligence

SCOPE OF SERVICES:– Supplier Due Diligence (customized questionnaire will reflect your needs and expectations). Supplier Due Diligence may include Supplier Quality Management System assessment in line with applicable regulatory requirements and your unique needs and expectations
– Supplier Development (objectives, strategy, plan, deliverables, progress monitoring)
– Alignment and integration of supplier-customer management systems with your operations and logistics
– Development of the shared supplier-customer business interests and initiatives

We will:
a) develop customized Supplier Quality Management System Assessment Questionnaire
b) prepare Due Diligence Questionnaire which reflect your interests, needs and expectations
c) research corporate information, certifications and awards, historical and cultural factors, financial performance, human resources practices, etc.
d) perform due diligence questionnaires with the supplier’s key personnel
e) evaluate the overall capabilities of the Supplier; corporate, organizational and operational
f) assess suitability of related relationships, logistics and contingencies
g) investigate technical expertise, strength of supplier technologies and their systems
h) familiarize with supplier’s business plans, and review their alignment with business objectives
i) establish operational capacities and the real-life performance metrics, including historical information, suitability of facilities, equipment, infrastructure, information systems, etc.
j) identify concerns, limitations and opportunities for further development and improvement
k) provide comprehensive report which will summarize:
– the overall outcome of Assessment and the resulting recommendations
– Supplier competitiveness, weaknesses and strengths
– suitability of the Supplier for further development and integration
– proposed Supplier Development Plan, related actions, objectives, timelines and budgets
l) assist in the above, development and integration of the suppliers, and other related tasks

BENEFITS:
– Suppliers’ contribution to the strategic objectives of customer
– Identification of the most suitable suppliers
– Seamless integration of the Supplier logistics
– Relationship with the Supplier reflecting their true suitability and performance
– Defined foundations for the supplier assistance and development programs
– Improved control and strategic use of your “purchasing power”
– Development of mutually beneficial business opportunities through synergy with the suppliers
– Improved supplier performance (quality, delivery, cost, other)
– Improved communication with the suppliers, relationships and cooperation